(a) There is created the enhanced oil recovery stimulus account. Funds in the account shall be invested by the state treasurer in accordance with law. All earnings earned on funds within the account shall be deposited in the account. Subject to subsection (b) of this section, funds within the account are continuously appropriated to the governor to be expended only for providing stimulus payments to carbon dioxide providers in accordance with this chapter. (b) If there is no expenditure of any funds from the enhanced oil recovery stimulus account before July 1, 2034, then all funds in the enhanced oil recovery stimulus account shall revert to the legislative stabilization reserve account on July 1, 2034. (c) Not later than August 1, 2025 and each August 1 thereafter, the department of revenue shall report to the governor, the state auditor, the authority, the joint appropriations committee and the joint minerals, business and economic development interim committee on the amount of severance taxes remitted to the department under W.S. 39-14- 204(a)(iv), plus one-half (1/2) of the amount of severance tax remitted under W.S. 39-14-204(a)(iii), as a result of crude oil and natural gas produced using enhanced oil and gas recovery techniques and using captured carbon dioxide for which a stimulus is provided under this chapter. The authority shall report the amount of the stimulus provided under this chapter, including any adjustments made to the amount of the stimulus under W.S. 9-26-102(c). (d) Not later than September 1, 2025 and each September 1 thereafter, the state auditor shall transfer the amount of funds remitted to and reported by the department of revenue under subsection (c) of this section for the immediately preceding fiscal year from the general fund to the accounts specified in this subsection, in accordance with the following: (i) The state auditor shall adjust the amount transferred under this subsection based on any adjustments made to the amount of the stimulus under W.S. 9-26-102(c); (ii) Funds shall be first transferred to the enhanced oil recovery stimulus account, provided that any transfer under this paragraph shall not exceed the amount necessary to bring the balance of the enhanced oil recovery stimulus account to a balance of ten million dollars ($10,000,000.00) until all transfers required under paragraph (iii) of this subsection are completed; (iii) After transfers are made under paragraph (ii) under this subsection, any remaining funds shall be transferred to the legislative stabilization reserve account. No transfers shall be made under this paragraph after a total of ten million dollars ($10,000,000.00) is transferred to the legislative stabilization reserve account under this paragraph. CHAPTER 27 - CHANGING AREA AND RESTROOM REQUIREMENTS
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